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Wells Fargo sells asset management arm for $2.6b

Wells Fargo is to sell its Wells Fargo Asset Management division to private equity firms GTCR LLC and Reverence Capital Partners, and appointed a former Legg Mason CEO as executive chair. ....

Barry Sommers , Collin Roche , Joseph Sullivan , Nico Marais , Legg Mason , Wells Fargo Bank , Wells Fargo , Wells Fargo Asset Management , Reverence Capital , Gtcr Llc , Reverence Capital Partners , பாரி சோமர்ஸ் , கோலின் ரோச் , ஜோசப் சல்லிவன் , நிகோ மரைஸ் , கால் கொத்தனார் , கிணறுகள் ஃபார்கோ வங்கி , கிணறுகள் ஃபார்கோ , கிணறுகள் ஃபார்கோ சொத்து மேலாண்மை , பயபக்தி மூலதனம் , பயபக்தி மூலதனம் கூட்டாளர்கள் ,

Wells Fargo sells asset-management unit to private equity firms for $2.1-billion

Wells Fargo sells asset-management unit to private equity firms for $2.1-billion
David French and Noor Zainab Hussain
Reuters
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Wells Fargo & Co said on Tuesday it had agreed to sell its asset management business, which manages more than $603 billion on behalf of customers, to private equity firms GTCR LLC and Reverence Capital Partners for $2.1 billion.
The sale represents the biggest shake-up at the U.S. bank since former Bank of New York Mellon top boss Charles Scharf joined as chief executive officer in 2019. Reuters reported in January that a Wells Fargo deal with the buyout firms was close. ....

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Beaudoin graduates from S.C. Fire Academy | Newberry Observer

Timothy Beaudoin, Newberry City Fire Department, and 21 other recruits recently graduated from the S.C. Fire Academy.
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NEWBERRY Timothy Beaudoin, Newberry City Fire Department, graduated from the South Carolina Department of Labor, Licensing and Regulation’s South Carolina Fire Academy (eight-week firefighter candidate school in Columbia) on Dec. 4.
Beaudoin, along with 21 other recruits, underwent a 320-hour training program of classroom and hands-on firefighting skills development. Keynote speaker was Chief William Broscious, Columbia Fire Department.
“This challenging program requires commitment, passion, and dedication,” Fire Academy Superintendent Dennis Ray said. “These recruits have successfully worked together as a team, performed extensive hands-on training with live fires, and passed intensive practical skills evaluations and written tests to meet the National Fire Protection Association standards.” ....

South Carolina , United States , Honea Path Fire Department , North Charleston , Jasper County , Colleton County , Newberry City Fire Department , Kayla Katt , Andrew Harmon , Andrew Guest , Nicholas Bekisz , Matthew Bex , Brandon Clements , Luis Aponte , Terrence Reed , Carson Spencer , Nelson Ramirez , Brock Mcdaniel , Wesley Theobald , Austina Kline , Tyreek Scott , William Broscious , Collin Roach , Timothy Beaudoin , Brandon Borrero , Zachary Patrick ,